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Lighting Segment: Markets and Opportunities for Yageo Components

May 2014

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Executive Summary

• The TAM of lighting segment has changed from low value commodity for traditional luminaries to specialty products for LED lighting.

• Control-gear is where the most passive components are used among the lighting market. The demand boost for LED bulb/lamps will significantly increase the demand on specialty and large-size R-Chip/MLCC.

• Large-size (1206/0805/0603) X7R high-cap, high voltage MLCC, high voltage R-Chip (RV series), current sensing R-Chip (RL/PT/PE/PR series) are demanded by LED drivers as the LED bulbs/lamps working power and temperature are high for circuit protection.

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Lighting Solution Evolution and Benefits

• Electricity for lighting is responsible for around 15 % of total end use electrical consumption and close to 5 % of global greenhouse gas (GHG) emissions. Shifting to efficient lighting technologies would cut the world share of electricity used for lighting by half.

• Efficient lighting will save energy, save GHG, and save money!!

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Source: Digitimes Research, March 2013

• Global market will grow to 101 B€ in 2020. Conventional market decreasing to : 37 B€while LED quickly grows from 9 B€ in 2011 to 64 B€ in 2020.

– CAGR for LED is 33% between 2011 and 2016 and 15% between 2011 and 2020.– Overall CAGR is about 4%.

• LED lighting represents most juicy contents for passive component:– 1 to 2 current sensor out of 10 to 15 resistors– 1 to 2 HC ranging from 1uF to 4.7uF out of 8 to 12 capacitors

LED Lighting Growth is Accelerating

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• The price gap between LED lamp and CFL has become closer and acceptable since 2013, which drove the demand increase and market growth.

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Lighting Lamp Price

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Lighting Market TAM: the past and present

• CFL Ballast BOM

• LED 16W Driver BOM

R-Chipc Usage/BoardRC1206FR 6RT0805FR 1MLCC Usage/BoardCC0805KRX7R9BB473 1Total Usage 8

R-Chip Usage/BoardRC0805FR 8RC1206FR 5PT1206 1MLCC Usage/BoardCC0805KKX7R9BB105 1CC1206KKX7RBBB471 1Total Usage 16

LED BOM contains over 9 times greater value than CFL, becoming the key business growth driver

Value/K is about US$8.8

Value/K is about US$77.2

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LED Lighting Value Chain - Upstream

Component product

Lamp production

Luminaries production

Lighting design

Installation services

Philips Lighting

Osram

GE Lighting

CREE

Nichia

Lamp & Luminaries Producer

Component Producer

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This is where passive components are used for luminaries!

LED Bulbs Inside

Diffuser Heat Sink Lamp Control Gear

• Control-gear is where the most passive components are used among the lighting market.

• Market spilt: Control Gear & Ballasts (7%), Lamps (20%), Fixtures / Luminaries (73%)

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BOM Analysis - 5W LED Lighting Bulb

★ High ASP components: R-chip: PE - metal foil current sensing chip resistorsMLCC: high capacitance & high voltage MLCCs

• A 5W LED light bulb uses 12 pcs of R-chips and 8 pcs of MLCCs• High ASP R-chip represents 86% of R-chip BOM cost• High ASP MLCCs represent 87% of MLCC BOM cost

R-Chip Resistance Yageo Part Number QTY BOM Cost Percentage (R-Chip)RES 1/10W, 1% 14K RC0603FR-0714KL 1 1%RES 1/10W, 1% 20.2K RC0603FR-0720K2L 1 1%RES 1/10W, 1% 51.1K RC0603FR-0751K1L 1 1%RES 1/10W, 1% 750Ω RC0603FR-07750RL 1 1%RES 1/4W, 5% 220K RC1206JR-07220KL 3 5%RES 1/10W, 1% 10Ω RC1206FR-0710RL 1 2%RES 1/10W, 1% 100Ω RC1206FR-07100RL 1 2%RES 1/4W, 5% 1Ω RC1206JR-071RL 2 3%

★ RES 1/2W, 5% 0.43Ω PE2010JR-079R43L 1 86%MLCC Capacitance Yageo Part Number QTY BOM Cost Percentage (MLCC)Cap 50V, X7R, 10% 4.7nF CC0603KRX7R9BB472 1 1%Cap 50V, X7R, 10% 1nF CC0603KRX7R9BB102 2 2%Cap 50V, X7R, 10% 0.47nF CC0805KKX7R9BB474 1 10%

★ Cap 500V, X7R, 10% 22nF CC1206KKX7RBBB223 1 10%★ Cap 25V, X7R, 10% 10μF CC1210KKX7R8BB106 2 67%★ Cap 500V, X7R, 10% 47nF CC1210KKX7RBBB473 1 10%

Total usage 20 R-chip: 42%, MLCC58%

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BOM Analysis – 10W Philips MR16 (ARTS)R-Chip Yageo Part Number QTY BOM Cost Percentage (R-Chip)

CHIP RESISTORS 4.7K 1/16W +-1% (1608) RC0402FR-074K7L 1 0.3%CHIP RESISTORS 10Ω 1/10W +-1% (0603) RC0603FR-0710RL 1 0.4%CHIP RESISTORS 82Ω 1/10W +-1% (0603) RC0603FR-0782RL 1 0.4%CHIP RESISTORS 2.2K F 1/10W +-1%(0603) RC0603FR-072K2L 1 0.4%CHIP RESISTORS 10K 1/10W +-1% (0603) RC0603FR-0710KL 4 1.4%CHIP RESISTORS 13K 1/10W +-1% (0603) RC0603FR-0713KL 1 0.4%CHIP RESISTOR 18K 1/10W +-1% (0603) RC0603FR-0718KL 2 0.7%CHIP RESISTOR 27KΩ 1/10W +-1% (0603) RC0603FR-0727KL 1 0.4%CHIP RESISTORS 51K 1/10W +-1% (0603) RC0603FR-0751KL 1 0.4%CHIP RESISTORS 100K 1/10W +-1%(0603) RC0603FR-07100KL 1 0.4%CHIP RESISTORS 270K 1/6W +-1% (1608) RC0402FR-07270KL 1 0.3%

★ CHIP RESISTORS 0.24Ω 1/4W +-1% (1206) PT1206FR-070R24L 1 38.6%CHIP RESISTORS 6.8Ω 1/4W +-1% (1206) RC2106FR-076R8L 1 1.1%

★ CHIP RESISTORS 0.1Ω 1/2W +-1% (1206) PE1206FKM7W0R1Z 1 55.2%MLCC Yageo Part Number QTY BOM Cost Percentage (MLCC)CHIP CAP 10PF 50V +-5% (0603) COG CC0603JRNPO9BN100 1 1%CHIP CAP 100PF 50V +-5% (1608) CC0402JRNPO9BN101 1 0%CHIP CAP 120PF 50V +-5% (1608) CC0402JRNPO9BN121 1 1%CHIP CAP 0.1UF 25V +-10% (1608) X7R CC0402KRX7R8BB104 1 1%CHIP CAP 0.47UF 10V +-10%(1608) CC0402KRX5R6BB474 3 3%

★ CHIP CAP 1UF 10V +-10% (1608) CC0402KRX5R6BB105 1 2%★ CHIP CAP 1UF 25V +-10% (0805) X7R CC0805KKX7R8BB105 1 5%★ CHIP CAP 4.7UF 50V+-10%(1206) X7R CC1206KKX7R9BB475 1 87%

Total usage 27 R-chip: 60%, MLCC40%★ High ASP components: R-chip: PT - thick film current sensing chip resistors

PE - metal foil current sensing chip resistorsMLCC: high capacitance & high voltage MLCCs

• High ASP R-chip 93.8% of R-chip BOM cost• High ASP MLCCs represent 94% of MLCC BOM cost

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BOM Analysis – 18W LED Driver (R-Chip)Description Type Yageo Part Number QTYRES 470k 1206 R-CHIP RC1206F 1RES 470k 1206 R-CHIP RC1206F 1RES 470k 1206 R-CHIP RC1206F 1RES 750k 1206 R-CHIP RC1206F 1RES 750k 1206 R-CHIP RC1206F 1RES 10R 0805 R-CHIP RC1206F 1RES 2R2 0805 R-CHIP RC1206F 1

★ RES 470k HV 1206 R-CHIP RV1206F 1★ RES 470k HV 1206 R-CHIP RV1206F 1

RES 78.7k 0603 R-CHIP RC0603F 1RES 75k 0603 R-CHIP RC0603F 1RES 43.2k 0603 R-CHIP RC0603F 1RES 51.1k 0603 R-CHIP RC0603F 1RES 680k 0603 R-CHIP RC0603F 1RES 20k 0603 R-CHIP RC0603F 1RES 80.6k 0603 R-CHIP RC0603F 1RES 6.04k 0603 R-CHIP RC0603F 1RES 620 ohm 0603 R-CHIP RC0603F 1RES 4.99k 0805 R-CHIP RC0603F 1

★ RES 0.5 ohm 1W R-CHIP RL2512F 1RES 0 ohm 0603 R-CHIP RC0603J 1RES 3.01k 0603 R-CHIP RC0603F 1RES 6.65k 0603 R-CHIP RC0603F 1RES 4.42k 0603 R-CHIP RC0603F 1RES 44.2k 0603 R-CHIP RC0603F 1RES 4.32k 0805 R-CHIP RC0603F 1RES 40.2k 0603 R-CHIP RC0603F 1

Chip resistor usage 27★ High ASP chip resistors: RL - thick film current sensing chip resistors

RV - high voltage chip resistors

• A 18W T8 LED tube driver uses 28 pcs of chip resistors

• 2 pcs RV & 1pcs RL represent 64% of R-chip BOM cost

Texas Instrument PMP3603 40V, 450mA T8 LED driver

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BOM Analysis – 18W LED Driver (MLCC)

★ High ASP ceramic capacitors: high capacitance & high voltage MLCCs

Description Type Yageo Part Number QTYCAP 0.1 μF 275V CAP 1CAP 0.1 μF 276V CAP 1CAP 0.22 μF 450V CAP 1

★ CAP 470 pF 1kV 1206 MLCC CC1206KRX7R9BB471 1★ CAP 0.47 μF 25V X7R 0603 MLCC CC0603KRX7R8BB474 1

CAP Y2 2200 pF P10 CAP 1CAP 0.022 μF 25V X7R 0603 MLCC CC0603KRX7R8BB223 1

★ CAP 220 pF 500V 1206 MLCC CC1206KRNPOBBN221 1CAP 68 μF 25V KZM 5x11 p2 CAP 1CAP 4.7 μF 63V 1206 MLCC Not available 1CAP 100 μF 63V 5x11 p5 CAP 1CAP 680 μF 63V 10x40 p5 CAP 1

★ CAP 0.47 μF 25V X7R 0805 MLCC CC0805KKX7R8BB474 1CAP 0.22 μF 25V X7R 0603 MLCC CC0805KRX7R8BB224 1CAP 1000 pF 25V X7R 0603 MLCC CC0603KRX7R8BB102 1

MLCC usage 8

• A 18W T8 LED tube driver uses 8 pcs of MLCCs• 2 pcs HV & 2 pcs X7R represent 85% of MLCC BOM cost

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BOM Analysis – 100W LED Driver (R-Chip)Description Type Yageo Part Number QTYResistor, chip, 301K Ohm, 1/4 W, 1%, 1206 R-CHIP RC1206F 2Resistor, chip, 1.00M Ohm, 1/4 W, 1%, 1206 R-CHIP RC1206F 2Resistor, chip, 4.02k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 1Resistor, chip, 6.19k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 1Resistor, chip, 4.75k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 2Resistor, chip, 10.7k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 6Resistor, chip, 24.3k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 1Resistor, chip, 6.81k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 1Resistor, chip, 332 Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 1Resistor, chip, 511k Ohm, 1/4 W, 1%, 1206 R-CHIP RC1206F 4Resistor, chip, 100k Ohm, 1/4 W, 1%, 1206 R-CHIP RC1206F 2Resistor, chip, 47.5 Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 1Resistor, chip, 21.5k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 2Resistor, chip, 10.0 Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 2

★ Resistor, chip, 0.40 Ohm, 1 W, 1%, 2512 R-CHIP RL2512F 2Resistor, chip, 200 Ohm, 1/2 W, 1%, 1210 R-CHIP RC1210F 2Resistor, chip, 10.0k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 2Resistor, chip, 100k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 2Resistor, chip, 665 Ohm, 1/4 W, 1%, 1206 R-CHIP RC1206F 1Resistor, chip, 15.0k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 3Resistor, chip, 560 Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 1

★ Resistor, chip, 0.47 Ohm, 1 W, 1%, 2512 R-CHIP RL2512F 1Resistor, chip, 4.75k Ohm, 1/4 W, 1%, 1206 R-CHIP RC1206F 1Resistor, chip, 221k Ohm, 1/8 W, 1%, 0805 R-CHIP RC0805F 1Resistor, chip, 221k Ohm, 1/4 W, 1%, 1206 R-CHIP RC1206F 2

Resistor usage 46

• 3 pcs of RL2512 account for 56% R-chip BOM cost

• Size of R-chip are all 0805 and larger

★ High ASP chip resistors: RL - thick film current sensing chip resistors

GE Evolve R150 Roadway Lamp80W/5100lm -157W/9600lm

GE R150 LED lamps deployed in Xian/ China

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BOM Analysis – 100W LED Driver (MLCC)Description Type Yageo Part Number QTY

★ Capacitor, ceramic, 10 mF, 25 V, X5R, 20%, 1206 MLCC CC1206KKX5R8BB106 1Capacitor, metallized polyester film, 0.1 uF, 275 VAC, 10%, X2,

17.5 mm x 5.5 mm CAP 2Capacitor, ceramic disc, 1 nF, 250 V, Y1/X1 CAP 2

★ Capacitor, ceramic, 2.2 mF, 25 V, X7R, 10%, 0805 MLCC CC0805KKX7R8BB225 1Capacitor, ceramic, 1 nF, 50 V, NPO, 5%, 0805 MLCC CC0805KRNPO9BN102 6Capacitor, ceramic, 330 nF, 16 V, X7R, 10%, 0805 MLCC CC0805KKX7R7BB334 1Capacitor, ceramic, 18 pF, 50 V, NPO, 5%, 1206 MLCC CC1206JRNPO9BN180 1

★ Capacitor, ceramic, 1 mF, 25 V, X5R, 10%, 0805 MLCC CC0805KKX5R8BB105 3Capacitor, ceramic, 0.1 mF, 25 V, X7R, 10%, 0805 MLCC CC0805KRX7R8BB104 3Capacitor, polypropylene film, 0.56 uF, 400 V, 5% CAP 1Capacitor, aluminum electrolytic, 100 uF, 35 V, 20%, 6.3 mm x 11.5 mm E-CAP 2Capacitor, aluminum electrolytic, 82 uF, 450 V, TS-HB E-CAP 1

★ Capacitor, ceramic, 10 mF, 25 V, X7R, 10%, 1210 MLCC CC1210KKX7R8BB106 1Capacitor, ceramic, 10 nF, 50 V, X7R, 10%, 0805 MLCC CC0805KRX7R9BB103 2Capacitor, ceramic, 100 pF, 200 V, NPO, 5%, 0805 MLCC CC0805JRNPOABN102 1Capacitor, ceramic, 47 pF, 50 V, NPO, 5%, 0805 MLCC CC0805JRNPO9BN470 1Capacitor, ceramic, 33 pF, 50 V, NPO, 5%, 1206 MLCC CC1206JRNPO9BN330 1Capacitor, polypropylene film, 0.56 mF, 630 V, 5% CAP 1Capacitor, metallized polyester film, 1.0 mF, 250 V, 10% CAP 2Capacitor, ceramic, 470 pF, 50 V, NPO, 5%, 0805 MLCC CC0805JRNPO9BN471 1

MLCC usage 23★ High ASP ceramic capacitors: high capacitance MLCCs

• 4 pcs of high-capacitance MLCC represent 66% of MLCC BOM cost• 100W LED driver uses high-voltage polyester film cap to replace high

voltage MLCCs

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Global Key LED Lighting Market Players

Rank Brand Name Region

1 三赢照明SY Guangdong

2 雷士照明NVC Guangdong

3 欧普OPPLE Guangdong

4 勤上光电KINGSUN Guangdong

5 佛山照明FSL Guangdong

6 史福特照明SFT Jiangsu

7 三雄极光PAK Guangdong

8 雪莱特光电CNLIGHT Guangdong

9 长方照明CF Guangdong

10 国星光电NATIONSTAR Guangdong

Top 10 Chinese LED Luminaries MakersTotal Lighting Market Position Table (World, 2010)

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Thank you

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